Carolina Consulting Company has a defined benefit pension plan.The following pension-related data were available for the current calendar year:
There were no other relevant data.
Required:
1)Calculate the 2016 pension expense.Show calculations.
2)Prepare the 2016 journal entries to record pension expense and funding.
3)Prepare any journal entries to record any 2016 gains or losses.
Definitions:
Nursing Field
The healthcare profession focused on the care of individuals, families, and communities to maintain or recover optimal health and quality of life.
Hate Crime
A crime committed against someone based on their race, religion, ethnicity, sexual orientation, or other such characteristic.
Crime Statistics
Data collected and analyzed regarding the incidence, frequency, and types of crimes committed in a specific area or globally.
Social Learning
A theory that suggests individuals learn behaviors, norms, and values by observing and imitating others.
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